Latest Cash Smart Projections We are revising our projected yield for the Cash Smart Core portfolio from 0.8-1.0% (April 2021) to 0.7-0.9% (June 2021), while the Enhanced portfolio projection has dropped from 1.2-1.5% (April 2021) to 1.1-1.3% (June 2021). Projected yield for the Cash Smart Ultra portfolio, which was designed to always maintain the highest yield in the Cash Smart category, remains at 1.8-2.0%. Fig 1. Endowus Cash Smart Projected Yields as of 31 May, 2021 Update on current interest rate environment While short end interest rates are still crawling around historical lows, there has been some volatility in the market due to the uncertainty about the speed of economic rebound and near-term prospect of inflation. There has been a steepening of the curve where the mid to long end of the yield curve (interest rates for longer dated maturity such as 5, 10 years and longer)...